Orlando, Florida—December 19, 2007—
Doug Rozzell, Principal for Thomas D. Wood and Company, secured financing in the amount of $1,384,062 for the Shoppes at Ridge Road in New Port Richey, Florida. Rozzell financed the loan with Skymar Capital Corporation, one of Thomas D. Wood and Company’s correspondent lenders, at a permanent fixed-rate of 6.30%. The loan term is 10 years, with a 25-year amortization and a loan-to-value of 70%. The 7,000 square-foot retail center was built in 2007, and is located at 8528 Ridge Road, New Port Richey, Florida.
Thomas D. Wood and Company is an independently owned, leading commercial mortgage banking firm in the southeast. Thomas D. Wood and Company has correspondent relationships with fourteen major life insurance companies, in addition to Wall Street. Thomas D. Wood and Company’s servicing portfolio is now approaching one billion dollars. This servicing portfolio consists of long-term mortgages on a variety of commercial properties located throughout the state of Florida. These properties include: Retail, Industrial, Office, Senior Housing Communities, Self-storage, Apartments, Warehouses, Hotels and Mobile Home Parks. Thomas D. Wood and Company’s corporate office is located at 95 Merrick Way, Suite 360, Coral Gables, Florida 33134, with branch offices located at 1700 South MacDill Avenue, Suite 240 A, Tampa, Florida 33629, and 1215 Louisiana Avenue, Suite 100, Winter Park, Florida 32789. The website may be accessed through www.tdwood.com.
Doug Rozzell (407) 937-0470 drozzell@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
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